Title: A Research on Application of Canonical Correlation Analysis on the Relationship Between Financial Policy and Macro-economic Development
Abstract: This paper,by using the method of canonical correlation analysis,researched into the effect of financial policy for the development of our country's macro economy and pointed out the significant correlations between them,and found that the fiscal policy had mainly embodied on to fiscal expenditure policy and tax policy,and that the fiscal expenditure policy,bonds policy,tax policy and budget policy mutually pre-cast each other. In addition, the growth rate reflected by dilated fiscal policy behavior increasing 1 unit can make macro economic growth rate increase 0. 765 unit. Such research will provide a basis for government decision-making.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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